Now that most life insurers and family takaful operators have completed their IFRS 17 implementation, many are shifting focus toward the next stage: streamlining their actuarial processes. A key part of this effort lies in enhancing the efficiency, maintainability, and clarity of their actuarial models—particularly Prophet models, which serve as the backbone for IFRS 17 valuation and reporting.
This series of articles outlines practical guidance to help actuarial teams streamline their Prophet models—reducing maintenance effort, minimizing risk, and supporting better scalability in the long term.